The Barchart Chart of the Day belongs to the footwear and apparel retailer Boot Barn (BOOT). To find the stock I used Barchart to first sort for the industry with the highest Weighted Alpha, then I sorted the stocks in that industry for the stock with the highest Weighted Alpha. As always I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 7/17 the stock gained 25.99%.
Boot Barn Holdings, Inc. operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. The company's products include boots, denim, western shirts, cowboy hats, belts and belt buckles, and western-style jewellery and accessories; and rugged footwear, outerwear, overalls, denims, and shirts, as well as safety-toe boots, and flame-resistant and high-visibility clothing. It sells its products through bootbarn.com, an e-commerce Website. Boot Barn Holdings, Inc. is headquartered in Irvine, California.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart technical indicators:
- 96% technical buy signals
- 232.50+ Weighted Alpha
- 258.46% gain in the last year
- Trend Spotter buy signals
- Above its 20, 50 and 100 day moving averages
- 9 new highs and up 27.88% in the last month
- Relative Strength Index 71.78%
- Technical support level at 28.53
- Recently traded at 29.57 with a 50 day moving average of 24.57
Fundamental factors:
- Market Cap $815 million
- P/E 35.00
- Revenue expected to grow 11.60% in this year and another 11.70% next year
- Earnings estimated to increase 50.60% this year, an additional 17.20% next year and continue to compound at an annual rate of 25.00% for the next 5 years
- Wall Street analysts issued 6 strong buy and 1 hold recommendation on the stock
